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Ranking Member G.T. Thompson said the 2018 farm bill's Title I programs spent about 24 percent less than expected and their ten-year costs are down $7 billion.
He cited sharp increases in nitrogen fertilizer and farm diesel costs.
Rising input costs from fertilizer and diesel squeeze farm margins, and lower program spending does not offset this pressure on production economics.
rrfn.comCarah HartJun 10, 2022After 129 past bullish policy events, Urea moved a median -0.1% over 5 sessions (47% higher; middle half -1.3% to +2.3%), and +1.4% over 20.
After 90 past bullish policy events, ULSD / Diesel moved a median +1.4% over 5 sessions (66% higher; middle half -1.9% to +4.1%), and +0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
